Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Treasury Bonds Lose Ground After Economic Data

MARKETSCOPE : Treasury prices fell on Friday as investors took profits following Thursday's rally.

The 10-year Treasury note fell 06/32 during the day to price at 98-21/32 for yield of 4.674%.

Bonds prices barely reacted to a report that Industrial Production rose 0.7% in February, in line with expectations. Manufacturing production was flat in February after a 0.8% January increase. Capacity Utilization is 81.2% overall and 80.4% for manufacturing only; the 80% mark usually signals strong capital spending.

"The manufacturing sector proved weak during the month," says Drew Matus, Lehman Brothers, New York. "However, with manufacturing surveys suggesting a solid March, we think it is too soon to cry 'slowdown'."

Investors also shrugged off a report that the University of Michigan Consumer Sentiment index was flat at 86.7 in March for the preliminary print, the same as February. The result breaks a 3-month downturn.

blog comments powered by Disqus